About 16 jobs have been saved at a South Lynn haulage company after its parent group fell victim to cashflow pressures and tough trading conditions.
Employees of C&H (Hauliers), of Rowan Road, Saddlebow Industrial Estate, had a worrying week after being told on October 21 that parent company Charles Gee had called in administrators.
C&H works closely with Palm Paper, transporting reels of paper to national newspapers.
The company moved to West Norfolk four years ago and also has depots in Essex, Suffolk, Kent and Oxfordshire.
About 180 jobs across all the depots are believed to have been saved with the news that it was being bought out by CM Downton, a Gloucestershire-based logistics firm.
Rick Sales, depot manager at South Lynn, said: “It was quite a shock when we were told we had gone into administration. It’s been a worrying week but we are all pleased it has been resolved.”